ExOne announces preliminary Q4 results and 2021 outlook

February 10, 2021

Following the launch of its office-based metal AM system with Rapidia, the ExOne Company, North Huntingdon, Pennsylvania, USA, has announced its preliminary fourth-quarter 2020 financial results and 2021 outlook.

The company expects Q4 2020 revenue of $17 to $17.5 million, reflecting year-over-year growth of 10% to 12% for the full year 2020. Fourth-quarter gross margin is expected in the range of 21% to 22%, as the operating landscape continues to present various challenges to ExOne’s business model, primarily due to the coronavirus (COVID-19) pandemic. For the full year, total liquidity nearly tripled year-over-year to $60 million at December 31, 2020.

Based on a refreshed and expanded product lineup, as well as increased investments in sales and marketing, the company expects revenue growth in the range of 15% to 25% for the full year 2021.

“We are pleased to have achieved top-line growth in excess of 20% in the second half of 2020, particularly with the backdrop of COVID-19 and considering the challenges that other Additive Manufacturing peers reported over the last year,” stated John Hartner, ExOne CEO. “This performance reflects the strength of our Binder Jetting solutions and the execution of our global team.”

“We are excited about the opportunities ahead of us in 2021 as we continue to expand our product portfolio and deepen our engagement with industrial customers through the new ExOne Production Adoption Model,” Hartner continued. “Given our enhanced liquidity position and current market conditions, we believe 2021 is the right time to accelerate investments in our technology and commercial infrastructure to optimise our future growth.”

ExOne has not yet completed its financial and operating closing procedures for the fourth quarter and full-year 2020, including but not limited to, review of various accounting estimates, completion and review of reconciliations, and various other year-end closing procedures.

Additionally, the preliminary financial results stated have not been subject to complete audit, review or other procedures by the company’s independent registered public accounting firm. As a result, actual results may differ materially from the preliminary results shown above and will not be publicly available until the company reports its fourth-quarter and full-year 2020 results.

The company states that it plans to release these results after the close of financial markets on March 11, 2021, and has scheduled a conference call to review these financial results on March 12, 2021.


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Read the latest issue of PIM International

The latest issue of PIM International magazine is available to view online or download in PDF format.

As well as an extensive MIM, CIM industry and sinter-based AM industry news section, this 124-page issue includes the following exclusive articles and reports:

  • Bosch Advanced Ceramics: Driving ceramic Additive Manufacturing for series production with Lithoz
  • High precision, flexibility and intensive customer support: How Demcon MIM is planning ahead for long-term growth
  • Playing the long game: The story of Binder Jetting, and ExOne’s view on a rapidly evolving technology landscape
  • Riding the storm: A review of progress in China and Taiwan’s MIM industry during 2020
  • Advanced Powder Injection Moulding process developments presented at Euro PM2020
  • > Go to magazine page


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